Binance to Remove 7 Altcoins from Its Platform: Prices May Plummet
As the cryptocurrency market continues to experience relentless ups and downs, a recent announcement from Binance has left investors on high alert. The leading global crypto exchange revealed plans to delist several trading pairs associated with $ACT ALPHA, BLUR, CELR, $PENGU , POND, and $RUNE tokens. This move could signal a fresh wave of declines for altcoin prices, which are already facing significant strain.
**Binance Moves Forward with Delisting: 7 Trading Pairs to Be Dropped**
In a statement released on April 9, Binance disclosed that it will discontinue seven trading pairs on April 13. The affected pairs include:
- ACT/USDT
- ALPHA/BTC
- PENGU/USDT
- RUNE/ETH
The exchange clarified that this decision stems from an assessment of “liquidity and trading volume” and urged users to close their spot trading positions before the final trading date.
Following this announcement, the prices of the impacted altcoins have started to show significant volatility. Many investors are concerned that projects with lower trading volumes might face sharp price drops.
Delisting a trading pair on a prominent platform like Binance often leads to a loss of confidence in the affected token. Such decisions can trigger panic selling among investors, resulting in abrupt price declines in the short term. Tokens like $CELR and PENGU, which already have limited market activity, are likely to be the hardest hit by this development.
Market experts point out that past delisting events have often led to price drops of 10% to 30% for affected tokens. As a result, investors are now closely reevaluating their holdings in these projects.
With the crypto market already rattled by Donald Trump’s tariffs on China, Binance’s decision could add further downward pressure. The already fragile buying interest in altcoins may weaken even more due to this update.
